Bombay bourse gets new BOLT hardware
The Bombay Stock Exchange on Monday announced that it has replaced the old hardware that was being used for its BOLT (Bombay On-Line Trading) with a more powerful state-of-the art hardware, S-72012. The new hardware is capable of handling two-and-a-half times more trading volumes than that was in use earlier, which could which handle 4-6 lakh trades. According to a BSE release, the new system will provide improved response time to members' Trading Work Stations and is also fault tolerant.Skindia GDR down 0.26%
The Skindia GDR index, representing GDR's of 17 actively trading companies decreased by 0.26 per cent from 924.23 to 921.80 on November 11, 1999, as per the Skindia GDR index with a base January 3, 1995 equal to 1000. The Skindia GDR index P/E ratio was 64.44 as compared to 64.91, Skindia Finance quoted in a press release issued in Mumbai on Monday.
RBI bar on PL Finance
The Reserve Bank of India (RBI) has rejected the application for certificate of registration submitted by the Chennai-based financial company PL Finance and Investment Ltd on November 12, 1999. According to an RBI release in Mumbai on Monday, the above company cannot transact the business of a non-banking financial institution as defined in clause (a) of section 45 I of RBI Act, 1934.
A correction
In The Financial Express dated November 13, 1999, the story titled `Dial Paramount Communications with a medium-term perspective' wrongly mentioned the name of the company's managing director as Sandeep Aggarwal. The correct name is Sanjay Aggarwal. The error is regretted.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.